ECURIE BQS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ECURIE BQS
Largest movements
- Tangible fixed assets -€25,418
down €25,418 (-18.0%), from €141,292 to €115,874
of which Other tangible fixed assets: -€13,750
- Cash +€20,524
up €20,524 (+160%), from €12,805 to €33,329
mainly Net result for the year (+€19,778) and Investment in fixed assets (net) (+€13,750)
- Stocks and contracts -€6,000
no longer reported in 2025 (was €6,000)
- Receivables within one year -€2,538
down €2,538 (-17.4%), from €14,579 to €12,041
- Profit (loss) carried forward +€19,778
up €19,778 (+15.2%), from -€129,866 to -€110,088
- Other debts -€18,127
down €18,127 (-6.8%), from €265,372 to €247,245
- Debts after one year -€10,170
down €10,170 (-59.1%), from €17,200 to €7,030
- Trade debts -€6,060
down €6,060 (-88.8%), from €6,822 to €762
- Gross operating margin +€35,670
up €35,670 (+175%), from €20,364 to €56,035
- Depreciation +€5,456
up €5,456 (+87.8%), from €6,212 to €11,668
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €175,842 | €162,628 | -€13,213 | -7.5% |
| Fixed assets | 21/28 | €141,292 | €115,874 | -€25,418 | -18.0% |
| Tangible fixed assets | 22/27 | €141,292 | €115,874 | -€25,418 | -18.0% |
| Plant, machinery and equipment | 23 | €2,125 | €1,265 | -€859 | -40.4% |
| Leasing and similar rights | 25 | €26,667 | €15,859 | -€10,809 | -40.5% |
| Other tangible fixed assets | 26 | €112,500 | €98,750 | -€13,750 | -12.2% |
| Current assets | 29/58 | €34,550 | €46,754 | +€12,205 | +35.3% |
| Stocks and contracts in progress | 3 | €6,000 | - | -€6,000 | |
| Stocks | 30/36 | €6,000 | - | -€6,000 | |
| Amounts receivable within one year | 40/41 | €14,579 | €12,041 | -€2,538 | -17.4% |
| Trade receivables | 40 | €14,579 | €12,041 | -€2,538 | -17.4% |
| Cash at bank and in hand | 54/58 | €12,805 | €33,329 | +€20,524 | +160% |
| Deferred charges and accrued income | 490/1 | €1,166 | €1,384 | +€218 | +18.7% |
| Total equity and liabilities | 10/49 | €175,842 | €162,628 | -€13,213 | -7.5% |
| Equity | 10/15 | -€123,666 | -€103,888 | +€19,778 | +16.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€129,866 | -€110,088 | +€19,778 | +15.2% |
| Amounts payable | 17/49 | €299,508 | €266,516 | -€32,992 | -11.0% |
| Amounts payable after more than one year | 17 | €17,200 | €7,030 | -€10,170 | -59.1% |
| Financial debts | 170/4 | €17,200 | €7,030 | -€10,170 | -59.1% |
| Amounts payable within one year | 42/48 | €282,308 | €259,486 | -€22,821 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €9,738 | €10,170 | +€432 | +4.4% |
| Trade debts | 44 | €6,822 | €762 | -€6,060 | -88.8% |
| Suppliers | 440/4 | €6,822 | €762 | -€6,060 | -88.8% |
| Taxes, remuneration and social security | 45 | €375 | €1,308 | +€933 | +249% |
| Taxes | 450/3 | €375 | €1,308 | +€933 | +249% |
| Other amounts payable | 47/48 | €265,372 | €247,245 | -€18,127 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,212 | €11,668 | +€5,456 | +87.8% |
| Other operating charges | 640/8 | €336 | €257 | -€80 | -23.6% |
| Non-recurring operating charges | 66A | €7,500 | €23,250 | +€15,750 | +210% |
| Gross operating margin | 9900 | €20,364 | €56,035 | +€35,670 | +175% |
| Operating profit (loss) | 9901 | €6,316 | €20,860 | +€14,544 | +230% |
| Financial income | 75/76B | €1 | €4 | +€3 | +325% |
| Recurring financial income | 75 | €1 | €4 | +€3 | +325% |
| Financial charges | 65/66B | €849 | €1,086 | +€238 | +28.0% |
| Recurring financial charges | 65 | €849 | €1,086 | +€238 | +28.0% |
| Non-recurring financial charges | 66B | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €5,468 | €19,778 | +€14,310 | +262% |
| Profit (loss) for the period | 9904 | €5,468 | €19,778 | +€14,310 | +262% |
| Profit (loss) for the period to be appropriated | 9905 | €5,468 | €19,778 | +€14,310 | +262% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.